See more : FinTech Acquisition Corp. VI (FTVIU) Income Statement Analysis – Financial Results
Complete financial analysis of Canadian Overseas Petroleum Limited (VELXF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Canadian Overseas Petroleum Limited, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Canadian Overseas Petroleum Limited (VELXF)
About Canadian Overseas Petroleum Limited
Canadian Overseas Petroleum Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in Africa. Its Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities. The company was formerly known as Velo Energy Inc. and changed its name to Canadian Overseas Petroleum Limited in July 2010. The company is headquartered in Calgary, Canada.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.86M | 2.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 185.11K | 6.00K | 4.78K | 0.00 | 38.15K | 23.86K | 0.00 | 0.00 |
| Cost of Revenue | 8.57M | 5.58M | 70.00K | 37.00K | 20.00K | 22.00K | 40.00K | 59.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 6.29M | -3.18M | -70.00K | -37.00K | -20.00K | -22.00K | -40.00K | -59.00K | 0.00 | 0.00 | 0.00 | 185.11K | 6.00K | 4.78K | 0.00 | 38.15K | 23.86K | 0.00 | 0.00 |
| Gross Profit Ratio | 42.30% | -132.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% | 0.00% | 100.00% | 100.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 11.86M | 8.30M | 4.13M | 3.93M | 4.94M | 4.87M | 7.28M | 6.51M | 6.19M | 8.79M | 8.87M | 14.60M | 8.83M | 3.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 11.86M | 8.30M | 4.13M | 3.93M | 4.94M | 4.87M | 7.28M | 6.51M | 6.19M | 8.79M | 8.87M | 14.60M | 8.83M | 3.06M | 93.45K | 718.63K | 519.38K | 191.46K | 15.51K |
| Other Expenses | -13.63M | -1.88M | 0.00 | 0.00 | 744.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 21.39M | 13.01M | 4.56M | 3.93M | 5.43M | 4.90M | 8.60M | 6.51M | 6.24M | 8.78M | 17.42M | 16.25M | 8.84M | 3.06M | 93.45K | 6.74M | 572.32K | 191.46K | 15.51K |
| Cost & Expenses | 29.97M | 18.59M | 4.63M | 3.97M | 5.45M | 4.90M | 8.64M | 6.56M | 6.24M | 8.78M | 17.42M | 16.25M | 8.84M | 3.06M | 93.45K | 6.74M | 572.32K | 191.46K | 15.51K |
| Interest Income | 389.00K | 152.00K | 0.00 | 2.00K | 11.00K | 9.00K | 26.00K | 41.00K | 27.57K | 23.48K | 57.30K | 580.80K | 17.00K | 32.47K | 14.51K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 8.13M | 6.06M | 372.00K | 3.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.06K | 39.18K | 460.93K | 21.01K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 5.07M | 3.68M | 70.00K | 37.00K | 20.00K | 22.00K | 40.00K | 59.00K | 58.58K | 59.17K | 54.28K | 29.38K | 11.00K | 955.02 | 0.00 | 8.92K | 5.45K | 0.00 | 0.00 |
| EBITDA | 3.18M | 219.05K | -4.79M | -4.02M | -5.16M | -5.43M | -7.19M | -5.99M | -6.24M | -8.70M | -17.31M | -15.45M | -8.81M | -3.02M | -78.94K | -6.69M | -543.00K | -191.46K | -15.51K |
| EBITDA Ratio | -199.99% | -551.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -8,348.15% | -146,833.33% | -63,320.00% | 0.00% | -17,534.31% | -2,275.32% | 0.00% | 0.00% |
| Operating Income | -34.79M | -16.90M | -4.62M | -3.97M | -5.28M | -20.91M | -8.64M | -6.56M | -7.34M | -9.28M | -56.91M | -53.21M | -8.88M | -3.06M | -78.94K | -6.70M | -548.45K | -191.46K | -15.51K |
| Operating Income Ratio | -234.15% | -704.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,744.44% | -147,950.00% | -64,040.00% | 0.00% | -17,557.69% | -2,298.16% | 0.00% | 0.00% |
| Total Other Income/Expenses | -30.33M | 3.37M | -100.10K | 140.22K | 258.92K | -14.69M | 469.98K | -121.00K | 1.18M | 755.09K | -26.14K | 880.51K | -443.93K | 11.46K | 774.78K | -169.74K | -47.49K | 0.00 | 0.00 |
| Income Before Tax | -45.44M | -13.54M | -4.96M | -3.92M | -4.92M | -20.15M | -6.76M | -6.69M | -6.16M | -8.52M | -56.93M | -52.33M | -9.32M | -3.05M | 695.84K | -6.87M | -595.95K | 0.00 | 0.00 |
| Income Before Tax Ratio | -305.82% | -564.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,268.78% | -155,350.00% | -63,800.00% | 0.00% | -18,002.60% | -2,497.17% | 0.00% | 0.00% |
| Income Tax Expense | -5.50M | 6.06M | 226.00K | 2.00K | 164.00K | 15.18M | -1.96M | -608.00K | -84.42K | 0.00 | 11.06K | 39.18K | 460.93K | 21.01K | 0.00 | -129.57K | -108.54K | 157.29K | 13.32K |
| Net Income | -45.44M | -13.54M | -4.96M | -3.92M | -4.92M | -20.15M | -6.76M | -6.69M | -6.16M | -8.52M | -56.93M | -52.33M | -9.32M | -3.05M | 695.84K | -6.74M | -487.40K | -157.29K | -13.32K |
| Net Income Ratio | -305.82% | -564.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -28,268.78% | -155,350.00% | -63,800.00% | 0.00% | -17,662.97% | -2,042.34% | 0.00% | 0.00% |
| EPS | -0.15 | -0.09 | -0.12 | -0.13 | -0.27 | -1.95 | -1.19 | -1.52 | -1.69 | -2.82 | -20.05 | -20.34 | -31.82 | -18.57 | 6.57 | -91.01 | -12.39 | -10.39 | -8.68 |
| EPS Diluted | -0.15 | -0.09 | -0.12 | -0.13 | -0.27 | -1.95 | -1.19 | -1.52 | -1.69 | -2.82 | -20.05 | -20.34 | -31.82 | -18.57 | 6.57 | -91.01 | -12.39 | -10.39 | -8.68 |
| Weighted Avg Shares Out | 303.21M | 145.59M | 41.08M | 29.29M | 18.42M | 10.32M | 5.67M | 4.41M | 3.65M | 3.02M | 2.84M | 2.57M | 292.90K | 164.02K | 112.09K | 74.05K | 39.33K | 15.14K | 1.53K |
| Weighted Avg Shares Out (Dil) | 303.21M | 145.59M | 41.08M | 29.29M | 18.42M | 10.32M | 5.67M | 4.41M | 3.65M | 3.02M | 2.84M | 2.57M | 292.90K | 164.02K | 112.09K | 74.05K | 39.33K | 15.14K | 1.53K |
Canadian Overseas Petroleum Ltd Announces Cole Creek JV Letter of Intent
LONDON, UK and CALGARY, AB / ACCESSWIRE / July 24, 2023 / Canadian Overseas Petroleum Limited and its affiliates ("COPL" or the "Company") (CSE:XOP:)(LSE:COPL), an international oil and gas exploration, production and development company with production and development operations focused...
Canadian Overseas Petroleum Ltd Announces Conversion of Bonds & Share Issuances
LONDON, UK and CALGARY, AB / ACCESSWIRE / July 18, 2023 / Canadian Overseas Petroleum Limited and its affiliates ("COPL" or the "Company") (XOP:CSE) & (COPL:LSE), an international oil and gas exploration, production and development company with production and development...
Canadian Overseas Petroleum Ltd Announces Conversion of Bonds & Share Issuances
Conversion of Bonds & Share Issuances LONDON, UK and CALGARY, BC / ACCESSWIRE / July 10, 2023 / Canadian Overseas Petroleum Limited and its affiliates ("COPL" or the "Company") (CSE:XOP)(LSE:COPL), an international oil and gas exploration, production and development company...
Canadian Overseas Petroleum reports progress on all fronts as key project nears completion
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) told investors it averaged a production rate of 1,250 barrels per day in the second quarter of 2023. During the period operations saw intermittent interruptions as certain wells were paused, as the company...
Canadian Overseas Petroleum announces board shake-up and cost reductions
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) (COPL) and its affiliates have undergone a shake-up of their board of directors alongside a US$1mln (£780,000) reduction in per-year general and administrative costs. Chair Harald Ludwig and fellow board director Massimo Carello...
Canadian Overseas Petroleum prepares for production-boosting Barron Flats upgrades
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) is advancing towards the construction for a key upgrade to the Barron Flats Shannon Unit (BFSU) operation, which is slated to begin before the end of this month. The project is to build a...
Canadian Overseas Petroleum quarterlies highlight “significant progress”
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) chief executive Arthur Millholland described “significant progress” as the company continues work to resolve its recent challenges. Today, in the company's quarterly results statement, COPL showed working interest average crude oil sales of 1,177...
Canadian Overseas Petroleum complete refinancing
Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) told investors it has successfully completed its US$14.8mln convertible bond refinancing, and, noted that the ‘full increase option' is being exercised. It sees the full US$14.8mln of principal being covered by the refinancing which...
Canadian Overseas Petroleum production hit by bitter US weather
Canadian Overseas Petroleum has been granted a covenant waiver after severe weather in Wyoming affected production at its Barron Flats Shannon (BFS)and Cole Creek operations. Arthur Millholland, chief executive, said that snow drifts had reached 8-10ft at times due to...
Canadian Overseas Petroleum rebounds after Wednesday covenant warning
Canadian Overseas Petroleum shares rebounded 52% on Thursday morning, after falling even more on Wednesday following a warning it was struggling to meet upcoming senior credit facility covenants. In a statement last night, the US-focused oil producer said it did “not...
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